Merritt Community Capital Corp
Merritt Community Capital Corp
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About this organization
Mission
To support and raise capital for the development of low to moderate-income housing in the state of California.
About
The corporation was formed to act as the general partner in partnerships which have invested in local partnerships, which build or rehabilitate units of affordable housing under the provisions of IRS Sec. 42. The corporation provides supporting services to these partnerships on an ongoing basis.
Interesting data from their 2020 990 filing
The filing outlines the non-profit's goal as “To provide affordable housing for low income persons.”.
When explaining its purpose, the activities were outlined as: “To support and raise capital for the development of low to moderate-income housing in the state of california.”.
- As per legal reporting requirements, the state of operation for the non-profit is CA.
- The non-profit's address for 2020 is listed as 1970 BROADWAY NO 250, OAKLAND, CA, 946122214 in the filing.
- As per the non-profit's form, they have 14 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $2,706,891.
- The organization has 12 independent voting members.
- The organization was formed in 1989.
- The organization pays $2,147,168 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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